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Stapled super fund regime for new employees from 1 November

November 4, 2021

From 1 November 2021, where an employee has an existing superannuation account, that account will be “stapled” and follow the employee when they change jobs. Employers will need to request stapled super fund details from the ATO for new employees who start on or after 1 November 2021 and do not choose a super fund to receive super guarantee contributions.

The ATO recommends that employers update their authorised representatives’ permissions so that they have full access in ATO online services, including “Employee Commencement Form” permission in order to request details about a new employee’s stapled fund. Tax practitioners are also able to make a request on behalf of an employer through ATO Online services for agents. Further details about the stapled super fund regime are available on the ATO website.